Company Registration No. 06620226 (England and Wales)
A&Y TAILORING SERVICE LIMITED
accounts
for the year ended 30 June 2023
A&Y TAILORING SERVICE LIMITED
accounts
Contents
A&Y TAILORING SERVICE LIMITED
Statement of financial position
as at 30 June 2023
Tangible assets
6,757
8,266
Cash at bank and in hand
30,944
31,658
Creditors: amounts falling due within one year
(6,747)
(2,144)
Net current assets
26,059
30,877
Total assets less current liabilities
32,816
39,143
Creditors: amounts falling due after more than one year
(25,233)
(33,407)
Called up share capital
100
100
Profit and loss account
7,483
5,636
Shareholders' funds
7,583
5,736
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 March 2024 and were signed on its behalf by
Said Amir Faqirzada
Director
Company Registration No. 06620226
A&Y TAILORING SERVICE LIMITED
Notes to the Accounts
for the year ended 30 June 2023
A&Y TAILORING SERVICE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06620226. The registered office is Flat E, 70 Belsize Park Gardens,, London, NW3 4NE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
15,953
9,859
6,738
32,550
At 30 June 2023
16,132
9,859
6,738
32,729
At 1 July 2022
11,319
7,726
5,239
24,284
Charge for the year
962
426
300
1,688
At 30 June 2023
12,281
8,152
5,539
25,972
At 30 June 2023
3,851
1,707
1,199
6,757
At 30 June 2022
4,634
2,133
1,499
8,266
A&Y TAILORING SERVICE LIMITED
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,754
2,081
Loans from directors
(6,602)
7
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 5).